Saturday 17 October 2026 Export EPRT’s income statement to Excel — free account

Essential Properties Realty Trust, Inc.

Essential Properties Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $561.2 million, up 24.8% from fiscal 2024. In the quarter to June 2026, revenue grew 18.1%, EPS grew 6.25%, free cash flow grew 28.3% and total debt rose 25.1%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for five.

26.09 0.13 +0.50%

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Market cap: $5.7B
P/E: 20.2×
Fwd P/E: 23.2×
Dividend yield: 4.83%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.53

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	2	—	—	—	1	—	—	—

Insider Ownership 0.57%

Capital & Financial Ratios $m

Market Cap 5,660.00

Revenue 615.49

Net Income 268.51

Free Cash Flow (779.13)

Net Debt 2,768.82

Current Ratio 8.17

Debt/Equity 0.65

P/E ratio 20.22

Fwd P/E 23.20

P/S ratio 9.17

P/B ratio 1.27

Past 5Y EPS Growth 23.81%

This Y EPS Growth 2.34%

Next Y EPS Growth 2.28%

Next Y revenue growth 19.04%

Next 5Y EPS Growth 1.61%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 7.79%

10-year low 10-year high

P/S against its own 10 years 16.16%

10-year low 10-year high

P/B against its own 10 years 33.09%

10-year low 10-year high

EV/Sales against its own 10 years 14.20%

10-year low 10-year high

Dividends

Payout Ratio 0.98

Annual Dividend Rate 1.26

Annual Dividend Yield 4.83%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.27	0.31 0.32 0.32
2025	1.21	0.30 0.30 0.30 0.31
2024	1.45	0.29 0.29 0.29 0.29 0.30
2023	1.12	0.28 0.28 0.28 0.29
2022	1.08	0.26 0.27 0.27 0.28
2021	1.00	0.24 0.25 0.25 0.26
2020	0.93	0.23 0.23 0.23 0.24
2019	0.88	0.21 0.22 0.22 0.23
2018	0.43	0.22 0.21

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	49	45	70	134
Receivables	108	143	191	226
Inventory	—	—	—	—
Other	—	—	—	—
	157	188	261	360

	2023	2024	2025	Q'26
Payables	—	—	—	—
ST’ Debt	—	—	—	—
Other	—	—	—	—
	31	35	41	44

Compound Annual Growth %

	10y	5y	3y
Sales	—	27.89%	25.12%
Cash Flow	—	30.84%	21.78%
Earnings	—	43.03%	23.56%
Book Value	—	21.61%	19.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	159	162	—	—	—
’25	129	137	145	150	561
’24	104	109	117	120	450
’23	84	87	92	98	360
’22	70	71	71	74	287
’21	49	57	60	65	230
’20	41	39	43	41	164

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	100	110	—	—	—
’25	77	100	99	105	381
’24	67	81	74	87	308
’23	54	65	63	73	255
’22	44	58	53	56	211
’21	30	39	46	52	167
’20	26	10	32	31	99

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(237)	(147)	—	—	—
’25	(228)	(206)	(216)	(180)	(828)
’24	(168)	(195)	(189)	(233)	(784)
’23	(150)	(211)	(147)	(236)	(745)
’22	(142)	(97)	(113)	(217)	(570)
’21	(145)	(128)	(183)	(226)	(683)
’20	(133)	(29)	(77)	(218)	(456)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.28	0.34	—	—	—
’25	0.29	0.32	0.33	0.34	1.28
’24	0.28	0.29	0.27	0.30	1.15
’23	0.29	0.35	0.29	0.31	1.24
’22	0.21	0.27	0.26	0.25	0.99
’21	0.14	0.20	0.23	0.24	0.82
’20	0.15	0.11	0.13	0.05	0.44

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	13.05	13.39	6.08	20.00	18.88	20.49	23.58	27.44	Analyst estimates 2026–2028 Powerpack
	High	—	—	14.75	27.10	29.34	32.92	29.60	26.43	34.88	33.35
People
People	Employees	—	19	18	27	33	37	37	40	48	56
	Revenue/emp, $m	0.00	2.87	5.35	5.16	4.97	6.22	7.74	8.99	9.37	10.02
Income, $m
Income, $m	Revenue	16	54	96	139	164	230	287	360	450	561
	Gross margin, %	96.57	97.16	97.94	97.80	97.63	97.50	98.80	98.70	98.89	98.65
	EBT	4	6	21	48	43	96	136	192	204	254
	EBT margin, %	24.66	11.86	21.63	34.68	26.06	41.89	47.38	53.41	45.43	45.33
	Net income	4	6	21	48	43	96	135	191	204	254
	Depreciation	6	22	35	46	66	76	95	108	129	163
Per share, $
Per share, $	Revenue	0.38	1.33	2.26	2.17	1.72	1.98	2.12	2.36	2.59	2.86
	Earnings	0.09	0.15	0.36	0.65	0.44	0.82	0.99	1.25	1.16	1.29
	Cash flow	0.26	0.55	1.08	1.38	1.04	1.44	1.56	1.67	1.77	1.94
	Capex	(7.08)	(12.64)	(11.89)	(9.16)	(5.83)	(7.30)	(5.78)	(6.57)	(6.29)	(6.17)
	Free cash flow	(6.82)	(12.09)	(10.81)	(7.78)	(4.78)	(5.87)	(4.22)	(4.90)	(4.51)	(4.23)
	Book value	4.26	4.43	19.02	18.75	16.60	17.56	18.50	19.63	20.55	21.46
	Shares, m	41	41	43	64	95	116	135	152	174	196
Valuation, ×
Valuation, ×	P/E	56.83	56.83	55.36	39.38	48.18	35.59	23.09	20.80	26.97	22.99
	P/S	0.00	0.00	6.13	11.41	12.32	14.57	10.77	11.00	12.10	10.36
	P/B	0.00	0.00	0.73	1.32	1.28	1.64	1.24	1.32	1.52	1.38
	EV/Sales	0.00	0.00	11.58	16.48	17.09	19.37	15.48	15.50	16.71	14.71
	EV/FCF	(7.16)	(7.16)	(2.42)	(4.60)	(6.15)	(6.53)	(7.78)	(7.48)	(9.58)	(9.97)
Cash, $m
Cash, $m	Operating cash flow	11	22	46	89	99	167	211	255	308	381
	Capex	(290)	(518)	(507)	(587)	(555)	(850)	(781)	(999)	(1,093)	(1,210)
	Free cash flow	(279)	(495)	(461)	(499)	(456)	(683)	(570)	(745)	(784)	(828)
Balance, $m
Balance, $m	Working capital	11	(212)	26	34	54	86	121	125	153	220
	Total debt	273	512	540	727	815	1,166	1,421	1,669	2,118	2,512
	Net debt	261	492	524	706	782	1,106	1,349	1,620	2,073	2,441
	Shareholders’ equity	175	181	811	1,202	1,582	2,044	2,497	2,987	3,572	4,208
Returns, %
Returns, %	ROA	0.53	0.89	1.34	2.49	1.89	3.31	3.68	4.35	3.84	4.00
	ROIC	0.42	(0.03)	0.68	2.61	1.93	2.67	2.85	3.29	3.08	3.38
	ROE	2.11	3.54	3.15	4.16	3.04	5.28	5.91	6.96	6.19	6.50

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FRT Federal Realty Investment Trust	$9.2B	21.4×	31.8×	+7.76% (above 0%: growing)	−45.81% (below 0%: shrinking)	−1.70% (below 0%: shrinking)	69.15%	41.30%	Compare
BRX Brixmor Property Group Inc.	$8.4B	19.5×	26.3×	+4.33% (above 0%: growing)	−14.29% (below 0%: shrinking)	−41.05% (below 0%: shrinking)	75.01%	34.33%	Compare
ADC Agree Realty Corporation	$8.3B	36.0×	37.9×	+16.85% (above 0%: growing)	+2.33% (above 0%: growing)	−56.33% (below 0%: shrinking)	87.63%	46.47%	Compare
NNN NNN REIT, Inc.	$7.9B	20.4×	21.9×	+7.70% (above 0%: growing)	−3.70% (below 0%: shrinking)	−108.69% (below 0%: shrinking)	96.62%	61.97%	Compare
MAC Macerich Company (The)	$6.8B	— (loss-making)	— (loss-making)	−0.03% (below 0%: shrinking)	n/m	−57.87% (below 0%: shrinking)	53.67%	15.35%	Compare
EPRT Essential Properties Realty Trust, Inc.	$5.7B	20.2×	23.2×	+18.11% (above 0%: growing)	+6.25% (above 0%: growing)	+28.34% (above 0%: growing)	99.33%	64.50%
PECO Phillips Edison & Company, Inc.	$5.4B	33.2×	51.7×	+6.68% (above 0%: growing)	+230.00% (above 0%: growing)	+147.93% (above 0%: growing)	71.21%	28.80%	Compare
KRG Kite Realty Group Trust	$4.9B	15.1×	79.4×	−8.03% (below 0%: shrinking)	+60.00% (above 0%: growing)	−21.08% (below 0%: shrinking)	73.01%	23.52%	Compare
SKT Tanger Inc.	$4.1B	31.9×	35.3×	+11.15% (above 0%: growing)	+7.41% (above 0%: growing)	−86.16% (below 0%: shrinking)	70.92%	30.98%	Compare
Median of peers	$7.4B	21.4×	35.3×	+7.19%	+2.33%	−48.69%	72.11%	32.66%

All 26 Reit Retail stocks →

Essential Properties Realty Trust, Inc. (EPRT) key facts

Strength: Essential Properties Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $561.2 million, up 24.8% from fiscal 2024.
Strength: Net income was $253.7 million, or $1.29 per share (basic), a net margin of 45.1%.
Essential Properties Realty Trust, Inc. (EPRT) is a Reit Retail company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, EPRT traded at $26.09, a market capitalization of $5.7 billion.
At that price the stock trades at 20.2× trailing-twelve-month earnings and 9.2× sales; its P/E is higher than 8% of its own readings over the past ten years.
Essential Properties Realty Trust, Inc. pays an annual dividend of $1.26 per share, a yield of 4.83%, with a payout ratio of 97.7%.
Return on equity was 6.50% and debt-to-equity 0.65.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.